MIRA INFORM REPORT
|
Report No. : |
334945 |
|
Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUMAR VANIJYA PRIVATE LIMITED (w.e.f. 14.03.2008) |
|
|
|
|
Formerly Known
As : |
SHREE
HANUMAN TEA VYAPAAR PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C/10, Katjunagar, P.O- Jadavpur, Kolkata – 700032, West Bengal |
|
Tel. No.: |
91-33-65355077 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.01.2008 |
|
|
|
|
Com. Reg. No.: |
121453 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.279 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01132WB2008PTC121453 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Tea. |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2008.
It has a moderate record of accomplishment. For the financial year 2014, the company has an average operational activity
with minimal profit earnings, whereas it has decent sales turnover. The rating is constrained on account of company’s modest financial
risk profile marked by networth position and huge borrowings taken by the
company along with unfavourable gap between trade payables and trade
receivables. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of moderate financial base, the company can be considered for
business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Bhaskar Chaudhary |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9007785594 |
|
Date : |
03.08.2015 |
LOCATIONS
|
Registered Office : |
C/10, Katjunagar, P.O- Jadavpur, Kolkata – 700032, West Bengal, India |
|
Tel. No.: |
91-33-65355077 |
|
Mobile No.: |
91-9007785594 (Mr. Bhaskar Chaudhary) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned [Commercial] |
|
|
|
|
Warehouse : |
Om Traders, Satya Doctor Road, Unit-2, Kolkata – 700171, West
Bengal, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sachin Goel |
|
Designation : |
Director |
|
Address : |
Upper Chelidanga Part Asansol, Asansol South, Burdwan - 713304, West Bengal, India |
|
Date of Birth/Age : |
06.08.1986 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03037670 |
|
|
|
|
Name : |
Ram Gopal Goel |
|
Designation : |
Director |
|
Address : |
Upper Chelidanga Part Asansol, Asansol South, Burdwan - 713304, West Bengal, India |
|
Date of Birth/Age : |
01.05.1962 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03080121 |
KEY EXECUTIVES
|
Name : |
Mr. Bhaskar Chaudhary |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ram Gopal Goel |
13961 |
50.11 |
|
Sachin Goel |
13900 |
49.89 |
|
Total |
27861 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Tea. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Advance Payment |
||||
|
|
|
||||
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
12 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, Camac Street Branch, Kolkata, West Bengal, India |
|
Auditors : |
|
|
Name : |
G Goenka and Associates Chartered Accountants |
|
Address : |
112, Ashutosh Mukherjee Road , Bhowanipore, 2nd Floor, Kolkata - 700025, West Bengal, India |
|
PAN No.: |
AAIFG6929N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Enterprises in which
Key Managerial Personnel or their relatives have significant influence : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27,861 |
Equity Shares |
Rs.10/- each |
Rs.0.279 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.279 |
0.279 |
0.279 |
|
(b) Reserves &
Surplus |
2.293 |
1.579 |
1.050 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
2.572 |
1.858 |
1.329 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.008 |
0.012 |
0.014 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.008 |
0.012 |
0.014 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
157.268 |
34.975 |
15.799 |
|
(b) Trade payables |
258.802 |
349.468 |
314.316 |
|
(c) Other current
liabilities |
2.216 |
3.621 |
19.960 |
|
(d) Short-term provisions |
0.336 |
0.250 |
0.201 |
|
Total Current Liabilities
(4) |
418.622 |
388.314 |
350.276 |
|
|
|
|
|
|
TOTAL |
421.202 |
390.184 |
351.619 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.073 |
0.105 |
0.154 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.026 |
0.106 |
0.106 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
0.099 |
0.211 |
0.260 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
36.611 |
21.937 |
14.621 |
|
(c) Trade receivables |
155.197 |
212.157 |
217.045 |
|
(d) Cash and cash
equivalents |
17.179 |
2.225 |
25.416 |
|
(e) Short-term loans and
advances |
212.116 |
153.654 |
94.277 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
421.103 |
389.973 |
351.359 |
|
|
|
|
|
|
TOTAL |
421.202 |
390.184 |
351.619 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL TURNOVER |
2018.477 |
1517.591 |
1364.677 |
|
|
|
|
|
|
|
|
EXPENSES |
2006.212 |
1508.743 |
1361.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
12.265 |
8.843 |
2.727 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
11.160 |
8.001 |
1.998 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.105 |
0.848 |
0.729 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.032 |
0.050 |
0.066 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.073 |
0.798 |
0.663 |
|
|
|
|
|
|
|
|
TAX |
0.358 |
0.269 |
0.263 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.715 |
0.529 |
0.400 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD |
1.579 |
1.050 |
0.650 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
2.294 |
1.579 |
1.050 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
25.66 |
18.98 |
14.35 |
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
|
|
|
|
|
Expected Sales ( 2015-2016 ) : Rs.2500.000 Million
The above information has been parted by Mr. Bhaskar Chaudhary.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations / Net cash flows from (used in) operations |
(96.048) |
(34.255) |
(62.706) |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(96.325) |
(34.479) |
(62.509) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.04 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.61 |
0.58 |
0.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.25 |
0.20 |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.43 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
61.15 |
18.82 |
11.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.00 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.279 |
0.279 |
0.279 |
|
Reserves & Surplus |
1.050 |
1.579 |
2.293 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.329 |
1.858 |
2.572 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
15.799 |
34.975 |
157.268 |
|
Current Maturities of
Long Term Debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
15.799 |
34.975 |
157.268 |
|
Debt/Equity ratio |
11.888 |
18.824 |
61.146 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Turnover |
1364.677 |
1517.591 |
2018.477 |
|
|
|
11.205 |
33.005 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Turnover |
1364.677 |
1517.591 |
2018.477 |
|
Profit |
0.400 |
0.529 |
0.715 |
|
|
0.03% |
0.03% |
0.04% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances
from related parties |
|
|
|
From Body Corporate |
157.268 |
34.975 |
|
Total |
157.268 |
34.975 |
REVIEW OF OPERATIONS
The Company's Total revenue has increased from Rs. 1517.591 Million in 2012-13 to Rs. 2018.477 Million in 2013-14, an increase of 33% over last year.
In spite of the sharp increase in the raw material prices the Company has with improvement in operational efficiencies and changes in the product mix improved its PBIDT from Rs. 8.843 Million in 2012-13 to Rs. 12.265 Million in 2013-14, an increase of 38.70% over last year.
In 2013-14 there has been a sharp increase in the interest rates by all the working capital bankers. As a result of increased utilization to finance the increased volume of business as well as increase in the interest rates, finance costs have increased from Rs. 8.001 Million to Rs. 11.160 Million.
The Profit before Tax has increased from Rs. 0.798 Million in 2012-13 to Rs. 1.073 Million in 2013-14, an increase of 34.49% over last year.
NOTE
The registered office of the company has been shifted from P-38/1, C.I.T. Road, Scheme-VII (M), Block - 1, Kolkata – 700054, West Bengal, India to the present address w.e.f. 01.07.2013.
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible Assets
- Furniture and fixtures
- Office equipment
- Computer Equipments
- Air Conditioner
- Computer and Printer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
TRS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.